Dan Denning is the author of 2005 ‘s best-selling The Bull Hunter (John Wiley
There is a problem we promise to work on Monday. To refresh your memory, the problem is that both bank and the Government need money. Government borrowing from the bank. But because the Government finances so badly badly in insolvent?
At some point, the Government will only take over the Bank’s “too-big-to-fail” them. In America, this can be a Bank of America or Citigroup, or both. In Britain, Barclay ‘s. In France, BNP. In Germany, Deutschebank. And in Switzerland, Credit Suisse.
The main centre of bank nationalization of money will be officially zombify the financial sector. This would be the logical conclusion of the relationship between countries which borrowed heavily and the financial sector which have rights that are competitive with loans to and financing of political campaigns. This is also the only way to marginalise market forces that would otherwise go down some banks and authorities clamp, or out of existence at all.